banks. >> one in six people in silicon valley. one in six neighbors will rely on this every single month. >>> i'm anne makovec in for liz. having food in the cupboard is something people take for granted. this time of the year, our local food banks will reach out to help people in need, but now there is a shortfall that is so severe, they just did something unprecedented. today, we're shining a spotlight on the demand and asking how your donations could pack an extra punch these days. we'll have that conversation in a few minutes. and police say they held grave concerns for 50-year-old carlos ramiro and two others from north america. they have not been seen. romero is from livermore. extreme weather is holding search efforts today. but search teams plan to continue tomorrow. >>> and the defense gave closing arguments in the murder trial of nima momeni. they provided a knife. where the prosecution has not shown key pieces of evidence to the jury like the knife. instead they were shown a photo of it. >> and essenty the defense is sa

you remember last year when a couple high profile bank failures, silicon valley bank, first republican signature, together they were worth more than all of the 25 banks that failed in the great recession. but, instead of another systemic failure, the system held, in large part because the regulatory environment stopped it from spreading and cascading. so, now, some of the incoming trump administration are openly talking about getting rid of the fdic. which is one of the greatest banking regulation inventions of all time. it is the agency that guarantees if your bank does fail, you get your money back, ensuring up to $250,000. it also means that if banks look like they are about to start to fail, people don't rush to take their money out, therefore causing bank failures. right? bank runs. it doesn't cost taxpayers anything. the money from payout actually comes from a premium the government charges the banks. ingenious. the riskier your bank is, the higher its insurance premiums. you can guess who does not like the system, who would rather not pay into it. but, it is a system that helped

. >> they took it on chin, a few years ago, when they had to build silicon valley bank, bailout, middlet banks on chin banks, even more bureaucratic, in fact whenever sue a company, bank at bm-- not so much for bank as for bureaucracy with a they have to do, bank of america, they've because so stringent raise now, supposedly a million dollars, net worth to 10 million to apply certain things become very bureaucrat in ordinary to compensate, for i know, the bailouts they have to have for middle market. cheryl: talking about this earlier, stress test, this came out of the financial crisis with 2009, 2008 understood bad behavior in banks several years ago does it make sense to scale back do banks have a point. >> no i think banks do have a point i think the banks, went too far, and big money set of banks, you know the big money center banks, puts them in a disadvantage, maul middle market banks at the end of the day the middle market banks fueling growth of america with small entrepreneurial businesses that are based in midwest other places a big money center banks have to bail omega twhut

the regional banking crisis that tanked signature bank, first republic bank and, of course, silicon valley bank. joining me now is somebody who knows a thing or two about the leg regulatory job and the reason why the regional bank crisis came into effect. and it has a lot to do with rising interest rates. former vice chair of the federal reserve for supervision spgz randy quarrels. good to have you. let me get your reaction on the market's response to the federal reserve saying, you know what? the economy is good, we don't see recession and, therefore, we don't need four cuts next year, we need just two. >> well, liz, it's good to be, it's good to be here. thanks for having me. you know, i think the fomc, the sep, the summary of economic projects, this time is in line with what i've been saying for a while is that the amount of stimulus in the economy is going to result many some continuing inflationary pressures. it's going to result in a slower path of interest rate reductions and a higher level of interest rates at the end of it. and both the fed and the markets have been projecting this a f

that is comparing it more to the likes of what we saw in silicon valley bank and the fall of that as opposed to the eurozone debt crisis. the idea simply being that the response may be more in terms of the yield move in the debt, as opposed to an actual talk to the system and that is why it has taken the likes of the euro to react more strongly to what you see in the french debt market. tom: that is a really interesting analogy. euro-dollar currently at 1.05. bloomberg opening trade anchor. thank you for the update. 6:30 a.m. u.k. time, we will be putting some of these questions are on politics of france in an exclusive interview with the cfo of the french defense and aerospace giant thales. we will talk the politics of france and be talking about ukraine, about europe's defense opportunities and challenges, plus of course geopolitical tensions. stay tuned for that conversation 6:30 a.m. you could time in about 15 minutes' time. 8:50 a.m., u.k. france pmi's. that is u.k. time, we will get france pmi's with a touch on the health of that economy given the political challenges. 9:00 a.m

silicon valley bank was a good example where the fed fumbled the ball a bit. ey should have done a better job supervising silicon valley bank. it still would have gotten into trouble but not as deeply into trouble and would have been caught earlier if the fed was doing a better job. the fed has admitted in the report michael barr wrote about that episode. they make mistakes. they're a bunch of human beings. they have a lot of information. they have a lot of expertise, but they make mistakes. >> they have a lot of power too, alan. thank you very much for joining us. it was a perfect day to have you as i said. >>> as we head to break, our road map for the rest of the hour. regulation play book under a second trump term. we will talk to a former ftc commissioner about the road ahead specifically for m & a. >> an interview with former nissan chairman and ceo carlos ghosn. his thoughts on the plans with honda and much more. squawk on the street will be right back after a quick break. don't go anywhere. car, this isn't the way home. that's right james, it isn't. car,

our veronica macias joins us live from second harvest food bank of silicon valley where food bank leaders from all over the bay area are working together today. veronica >>>>good afternoon here in this room, somebody came by earlier and said, is this the war room? no this is the room where people are calling and saying, thank you. who doesn't like to hear a thank you? because no contribution is too small for second harvest? because two thirds of the money that comes in that helps spread love and food into the community is coming from people like you and i, you at home can make the biggest difference. no amount is too small, i'm told. now, michelle here has been coordinating this effort here. and this is your thank a thon. michelle, tell us about the effort that went in here. the page that was set up for giving tuesday for people to donate. yes so we've had our giving tuesday page live for about six days now. and we've been inviting our donors to come help participate in giving tuesday. it's an incredible opportunity. it's a huge goal we have. we can reach $1 million by midnight tonight th

. >> yeah, and you know how we end up with silicon valley bank blowing up and how we end up with the subprime crisis and payday lenders destroying the vulnerable people? lack of regulation. david? excuse me, ron? can you help us? of course he wants to be involved in deregulation, that is like my kids wanting to be in charge of setting the rules in my house. deregulation means let's get rid of the rules and let me run wild. >> you, look-- >> sorry, ron? >> i don't think we want methane contribute and to additional greenhouse gases, i don't think we want entire deregulation. the economic crisis was largely the fault of rampant deregulation that created a problem that was almost unfixable. the notion the federal has anything to do with deregulation has more to do with rampant federal spending and in some cases justifiable spending during the covid crisis and beyond. so it's interesting for someone in jeff bezos' position to semper fi this problem down to just that and having a one to one relationship with the national debt. we have productivity boom growing, inflation is down, it's inte

today i'm talking with a chief executive officer of second harvest of silicon valley food bank. we'll have that conversation in a few minutes. >>> but first a look at your news headlines. about 150 feet of the santa cruz wharf collapsed due to high surf this afternoon. the collapse happened earlier this afternoon. firefighters say they had to rescue two people. third was able to swim to safety. >> some of the pilings and piers that were destroyed and washed away are in the ocean and they are serious, serious hazards for people and for any kind of navigation. >> and dangerous coastal conditions are expected through tomorrow. authorities are now warning the public to stay out of the water. >>> in napa the stormy weather took down a massive tree which then took out some power lines around 10:00 this morning. authorities closed parts of spencer, jefferson, and george streets all due to the danger. >>> hilton hotel workers in union square spending the holiday week on the picket line. they've been on strike the past three months and they say they have plans to expand the strike if the

interesting sector just like financials when nobody thought anything positive would happen and the silicon valley bankverybody thought the price of oil was going to be zero for years for some reason. that wasn't going to happen. it won't happen here. >> kari firestone, the pick is the healthcare sector. we will have to wait and see in 2025. thank you. great to see you. >> nice to see you. happy new year, frank. >> happy new year and happy hanukkah. >>> i have been watching those in the red across the board. right now, you are seeing the s&p down 8 points. dow down 40 points. nasdaq down almost 20 points. that will do it for us on "worldwide exchange." "squawk box" starts right now. >>> good morning. stock futures just slightly lower ahead of the final two trading sessions of 2024. santa claus is coming. he is taking his time. we will show you where it's moving now. >>> officials in south korea are investigating a deadly plane crash involving a boeing jet. the latest just ahead had. >>> and the world is remembering the life and legacy of former president jimmy carter who died yesterday at the age of 10

sonali: it's interesting because ever since you saw the silicon valley bank step back and then use all interest rate movements really shut out a lot of banks from the market. if this opportunistic opportunity bigger now that you are seeing the banking system stepped back, the bid? >> i think it is kind of twofold. these companies, generally the opportunistic strategy for us is going to where there's fewer participants, so part of the pullback in the banking system is not serving these companies well, if you will. we also have a very large team in europe as well and there is a great dispersion, if you will, in fragmentation in that market so it does create a lot of opportunity in terms of have a banks are pulled back. but overall it really is bringing the full scale of the platform to bear capital solutions, and i think that is the key thing for us in terms of strategy. sonali: what is the return profile? what can you expect back on a strategy like this and how does it compare to other types of credit? >> because of the complexity and the bespoke nature of it, you are charging a premium

. ♪ >> bret: a silicon valley bank police investigator says he recognized healthcare ceo murder suspectw york office says that information was communicated to the bureau and referred to new york city police while the suspect was still at large. a police source tells fox news mangione's mother had filed a missing person report. the san francisco chronicle reports police recognize the then wanted suspect as being mangione. four days before his high profile arrest at the mcdonald's in altoona pennsylvania. insurance executive brian thompson was said to care about customers and working to make the healthcare disembetter. united healthcare andrew witty wrote an essay for the new york times and conceives the patch work healthcare system does not work as well as it should but describes thompson as kind and brilliant. he says people in the company are struggling to make sense of the killing. mckenzie and company consulting firm has gleed to pay $650 million to settle a federal investigation involving its promotion of oxycontin. the firm helped opioids manufacture perdue pharma boost sales of th

. >> yeah, and you know how we end up with silicon valley banks blowing up and the subprime crisis andy lenders destroying the economically vulnerable people? lack of regulation. david, excuse me, ron, can you help us? of course he wants to be involved in the regulation. that is like my kids wanted to be in charge of setting the rules in my house. deregulation means let's get rid of the rules and let me run wild. >> yeah, go ahead, sorry. >> yeah, i'll think we want the contributions to greenhouse gases and global warming, as you aptly said, the global financial crisis, in my estimation, was largely the fault of rampant deregulation in the lending community, and created a problem that was almost unfixable. so i would come down on a different side of this, and i would actually take issue with the notion that the side of federal has anything to do with the regulation, it has a lot more to do with rampant federal spending. sometimes it is very justifiable federal spending during the coming crisis and beyond. so it's interesting, for someone in his position, to semper fi this problem down

deal for your next trip. . >>> and here's a live look outside at the second harvest food bank of silicon valleyush to support families in need during the holidays. you >>> time now for the moneywatch report at 6:44 in the morning. a delaware judge rejected elon musk's bid to reinstate that $56 billion tesla pay package. the ruling follows a decision earlier this year when a majority of tesla shareholders reauthorized the package during the company's annual meeting in august. according to bloomberg, billionaires' index musk remains the world's richest individual with a net worth exceeding $340 billion. >>> well, need get a package to canada? listen up everybody. united states' postal service temporarily halting mail to canada. why? 55,000 striking postal workers there in canada. canada post workers are also working to resolve the situation both sides talking to each other but they are proposing a framework to the union to reach an agreement. but so far they are pounding the pavement and no packages across the border into canada. >>> tough news if you are a bookworm. costco closing the chapter on

today i'm talking with a chief executive officer of second harvest of silicon valley food bank.ews headlines. about 150 feet of the santa cruz wharf collapsed due to high surf this afternoon. the collapse happened earlier this afternoon. firefighters say they had to rescue two people. third was able to swim to safety. >> some of the pilings and piers that were destroyed and washed away are in

since the election a little more relaxation post the silicon valley bank collapse and so on. erything looks to be going right for the banks. does that continue past january 20? >> if you look at the first week after the election results you saw the impact on bank stocks. they all soared. in the six weeks or so since that point they have given up half of their gains. it is still up but not as high as they were on november 10. having said all that just look at the results this year. look at the stock performance for the biggest banks. jp morgan up more than 40%. wells fargo 43%. citigroup which is a turnaround story up. jeffrey's up 95%. so clearly if you had to look at stock price movement as an indicator for what the future holds, what it is telling you is that 2025 is going to be a really good year for the big banks. and the reasons are sort of clear. even without the election result going the way it did, we were entering a phase where after a very difficult and challenging dealmaking environment, capital is opening up again. deals are resuming and yet they are below long-ter

the program is overseen by the silicon valley harvest food bank. >> second harvest grocery rescue program connects our partner agencies like san jose conservation charter school, and also churches, pantries, meal programs. we train and provide equipment for them to conduct the donation pick ups. >> reporter: the food bank helps orchestrate more than 700 donations picked up each week with different grocery stores. >> we do it this four times a week. monday, thursday, friday. >> reporter: the retailer has separated different types of foods on what foods and items are good to donate. >> if every grocery store can do this, it will help feed a lot of families. every year grocery stores go through a lot of expired foods. >> reporter: helping to make all the difference for students and their families. food in these boxes are packed with cultural awareness b, allowing for people receiving them what they like to eat. >> and there are seven to days to go back. >> reporter: the food being brought in is not only helping children, but by achieving the diploma or learning skills for a new technical tra

. >>> like many food banks across the country, donations are down right now at silicon valley secondw. while monetary donations are greatly needed, retailers can also help fight hunger by taking a closer look at their stock. veronica macias shows us how. >> reporter: this small pantry inside san jose conservation charter school is where anyone can come in and grab a bite to eat to help themselves focus. struggling students can even take home food if they need. norma ornellas is in charge of making sure the pantry is stocked. she personally has seen how providing this space contributes to a person's success in learning and how much it's appreciated by the students. >> thank you so much for bringing this. i didn't have money to buy milk today for my kid or prep food. i didn't have time today to cook anything because i needed to drop off my kids early in the morning and for them to come in and just have grab and go food or take food for dinner, that's amazing. >> reporter: every item inspected by ornellas and her staff is completely safe to eat but has reached its shelf life for grocery

. >> reporter: the ceos five food banks from as far north as santa rosa to as far south as silicon valley have teamed up to pitch you. people in the bay area to help them fight the growing crisis that is the invisible crisis of hunger. food bank volunteers and staff members are working as hard as ever it had holiday season. because the need is unprecedented. so much so, the first of the five major food banks. >> as they are serving every county in the bay area, we have gathered here today to sound the alarm. >> reporter: that's leslie bocho of second harvest. and crosby with the s.f. marin food bank and the food bank of contra costa, and reggie young of the alameda food bank. last year, they collectively provided enough food for 270 million meals in the bay area. they're all seeing the same phenomenon. >> so right now, we're in a same situation where we have to do a lot more with a lot less resources. >> reporter: it is due to a variety of factors. the cost of living has gone up and federal dollars have declined. >> insufficient government support for programs like cal fresh is also pushi

. >> all bay area food banks, including second harvest of silicon valley, the san francisco marin food bank, alameda county food bank, the food bank of contra costa and solano and the redwood empire food bank that provides assistance across northern california say they are in need of volunteers, food, donations and financial donations. >> you hear nothing else today. it is that resources fpand time are the most crucial asset that you can provide most of our funding comes from individuals just like you and me. and we are lucky to live in a generous community. so please give this giving tuesday. we really can't do it without you. >> if you want to help out, you can visit each food bank's website or go to kron 4 dot com for more information in the south bay charles clifford kron. 4 news. >> and on this giving tuesday, the san francisco marin food bank is asking for your help. and that's because the need for food never goes away. and if you donate today, your dollar will be triple matched by partners with the food bank. a spokesperson says that one dollar donated can turn into 6 meals >> w

. >> all bay area food banks, including second harvest of silicon valley, the san francisco marin food bank, alamedagcounty food bank, the food bank of contra costa and solano and the redwood empire food bank that provides assistance across northern california say they are in need of volunteers, food, donations and financial donations. >> you hear nothing else today. it is that resources and time are the most crucial asset that you can provide most of our funding comes from individuals just like you and me. and we are lucky to live in a generous community. so please give this giving tuesday. we really can't do it without you. >> if you want to help out, you can visit each food bank's website or go to kron 4 dot com for more information. >> all right, back live now. that is the very latest here in san jose. charles clifford kron. 4 news. >> love our community and we know they need things and they can get those things for them. at somebody. still ahead here to our team coverage of giving tuesday will continue. how one non-profit in the east bay is stepping up to help the community. plus.

. >> all bay area food banks, including second harvest of silicon valley, the san francisco marin food bank, alameda county food bank, the food bank of contra costa and solano and the redwood empire food bank that provides assistance across northern california say they are in need of volunteers, food, donations and financial donations. >> you hear nothing else today. it is that resources and time are are the most crucial asset that you can provide most of our funding comes from individuals just like you and me. and we are lucky to live in a generous community. so please give this giving tuesday. we really can't do it without you. >> if you want to help out, you can visit each food bank's website or go to kron 4 dot com for more information in the south bay charles clifford kron. 4 news. >> still ahead, a comfort food bank is getting a big boost. how a new space is helping white pony express serve community members in need. plus, the search suspended for a man believed to have gone overboard from a cruise ship near san francisco. why the coast guard said that this was rather challenging

. >> all bay area food banks, including second harvest of silicon valley, the san francisco marin foodank, alameda county food bank, the food bank of contra costa and solano and the redwood empire food bank that provides assistance across northern california say they are in need of volunteers, food, donations and financial donations. >> you hear nothing else today. it is that resources and time are the most crucial asset that you can provide most of our funding comes from individuals just like you and me. and we are lucky to live in a generous community. so please give this giving tuesday. we really can't do it without you. >> if you want to help out, you can visit each food bank's website or go to kron 4 dot com for more information. all right, back live now. that is the very latest here in the south bay, charles clifford kron. 4 news. charles, thank you. >> congress now back in washington. lawmakers have a long to do list before they adjourn for the year. this includes avoiding a government shutdown. washington correspondent trevor shirley is in dc with more. >> and congress only has

the food bank says one in six people in silicon valley depend on food assistance. >> it's a very affluent area, but we also have the highest level of income inequality. many of our clients are holding down multiple jobs often and can't stretch their dollar far enough. >> to learn how you can donate food or money and volunteer your time to all the major bay area food banks, you can use the qr code on your screen or head to our website, kpix.com/give. for every dollar raised, a bay area family will receive two meals. >>> coming up on the cbs evening news, an annual basketball tournament making and taking on new meaning in maui. norah has a preview. >> hey, juliette. more than one year after the deadly maui wildfires we return to the resilient community of lahaina. for our heart of america, see how college basketball is helping the community rebuild, that and more headlines tonight here on the cbs evening news. >>> we started off the new workweek with comfortable temperatures on the warm side for early december, 5 to 10 degrees above average, mostly 60s, even low 70s in the santa clara valle

this holiday season, food banks say they are facing greater need than ever before in silicon valley.fficials there say 1 in 6 people is coming in for food assistance. in san francisco, that number is 1 in 5. but as ktvu, an rubin explains, donations are just not keeping up with demand. she joins us live now outside of second harvest of silicon valley. with more on the growing need. >> and yet, for all the food banks, december is a big month, both in terms of need and in terms of fundraising. and they say what happens next will impact them for the entire year ahead. $4,200. that's how much high school junior rabia bader raised for the alameda county food bank. >> i want to help the food insecure during the holidays. so i started the virtual food drive. >> it was really a community effort. we had neighbors, we had members from our mosque, we had people from her school. >> and it's not just the alameda county food bank that needs help right now. at second harvest of silicon valley, which serves santa clara and san mateo counties, they're feeding a record number of people. >> and the fac

bank that needs help right now. at second harvest of silicon valley, which serves santa clara and san mateo counties, they're feeding>> and the fact is that the need is the highest we have seen in our 50 years of serving the community. we are now serving a half million people every month, but donations just aren't keeping up with the need. >> they attribute the rising need in part to inflation. but while there is pandemic era demand. pandemic era funding is a thing of the past. >> we've had to make compromises. like instead of providing a gallon of milk, providing a half gallon of milk, instead of providing those items every week, alternating them. >> in fact, many organizations are being forced to scale back. at the san francisco marin food bank, they're cutting their pop up pantries. >> at the end of june of 2025. we are needing to eliminate some programing. that means that our some of our neighbors are going to lose services, and that's a pretty big impact. >> and so right now, their fundraising holiday donations make up a huge portion of the food bank's annual operating budget. >> we're a bit behind what our goa

good to banks aren't well, the humane society, silicon valley in milpitas back open days after a fireaged part of the >> the business had to evacuate monday because of that fire. but no animal staffers or volunteers were hurt. the staff, though, says the fire broke out on the back of the building, damaging a laundry room, a few offices and some medical areas. >> we lost offices for staff, but now we've had folks working on it. you know, really for the last 2 days, we have a good plan in place. we have animals coming back on site were really hopeful that anybody that is looking to adopt will consider coming down and adopting those animals out. >> cause of the fire is under investigation. coming up, the bears were boland down south against unlv in the la bowl. >> coming up, then also let us know if the bears were able to know if the bears were able to the bakery is looking to add a pizza oven, arissa's hair salon wants to expand their space, and steve's t-shirt shop wants to bring on more help. with the comcast business 5-year price lock guarantee, they can think more about possibilitie

banks. >> one in six people in silicon valley.n for liz. having food in the cupboard is something people take for granted. this time of the year, our local food banks will reach out to help people in need, but now there is a shortfall that is so severe, they just did something unprecedented. today, we're shining a spotlight on the demand and asking how your donations could pack an extra punch these days. we'll have that conversation in a few minutes. and police say they held grave concerns for 50-year-old carlos ramiro and

. >> that is right, but keep in mind they got decimated last year by the silicon valley fallout. all the banks back very nicely in the last several months. we are nowhere near those lows. but they still represent outstanding value. they are all trading at relatively moderate or in some cases modest prices and price to earnings and they do have quick prospects with the economy doing well and then on top of that, you have the additional thoughts that the government will be more likely to allow -- more ipos, more capital markets activities that will help the big banks in particular, and then the regulatory environment will be more favorable there are a lot of reasons to think the banks should do well. >> from a macro standpoint, you think immigration and tariffs will be the most important aspects for early 2025. how are you handicapping those to policies and potential impacting to jump-start inflation? >> yeah, those are critical issues in my mind, leslie. so, there is no doubt that trumps promises may not at all happen, but certainly he is going to push on a number of fronts. for sure, i would b

banks for quite some time. really since we saw silicon valley go under. we started an etf this year, skre, to short regional banks. that's something to keep an eye on. those guys are sitting on commercial real estate exposure and it's very easy for me to move money to jp morgan so yeah, i would worry about anything that hurts the smaller guys. cheryl: i think the real estate story is interesting too. remember we talked about so much we're going to have a collapse of the regional banks because of the commercial property problems. really haven't seen that. it's been a slow trickle. >> right, slow tric trickle i . i guess the concentration isn't that great. doesn't pose the same risk to the u.s. financial system that the mortgage crisis did in 2008 and 2009, look at it that way. by no means do we have any hard evidence that the market valuation of the commercial office properties is bottoming. moreover, we also have a problem with retail space, as consumers increasingly turn to online shopping. there's less of a need for bricks and mortar retail space. chery

we should just be filling the piggy banks of wall street and silicon valley so i'll bring in sarah coons on fire. you know, upstart, hood, coin, and i mean, really living up to the hype, finally. just your thoughts on that. >> it only took four years. what are you complaining about? charles: we're still young, at least you are. >> exactly. you know, i think that what's happening is partially the cycle. you look at some of these names. you look at hood, coin, and they had a really hard time when crypto was down, when people weren't feeling flush, and now that the markets are ripping again, kind of of course they're doing well and so i think that some of it's cyclical but you and i both know when these companies go public, they are on going public at valuations that are just too high for what the public markets interested in. charles: so, is this now maybe potentially opening the floodgates? for next year? >> i hope so, i think the new administration and changes at the sec and ftc are really going to kind of drive a much better environment for ipo's, for m&a. i had two companies e-mail me

insecurity on this, giving tuesday, leaders from five bay area food banks came together today in san jose at second harvest of silicon valleyhey are facing the most challenging time in their history because the need for help is so high. many leaders today making the same plea about how every donation makes a greater difference. >> every donation has a broad reach. each dollar impacts the entire charitable food network throughout your community and supporting your local food bank supports hundreds of local organizations fighting hunger alongside us every day. every dollar allows that collaboration and that partnership to continue. >> the agencies say financial support at all levels of government has gone down, and some programs put in place since the pandemic are being eliminated. if you'd like to donate to help support ucsf, you can scan the qr code there right on your screen, right now. you can also text ktvu to 51555 to donate. and these donations help make sure that families needing care aren't turned away. simply because of an inability to pay. well, livermore got into the holiday spirit today with the lighting of deaco

taking money out of accounts, remember it was 2023 when suddenly we had silicon valley go bust and it had people uneasy about certain banks and putting a lot of money in other places, but either way, we've been in a place for three years where the cash has been in allocation or essentially a money market that's supporting equities here. fund managers and institutional managers, that's not what they do for a living and they keep a certain amount of cash and this measure, as a measure of risk and we haven't been here since march 2000, these are awful, awful, getty moments and precursing awful equity moments. sowell see if the bill is less attractive one cut, kwoefrng is going mack difference do blow have praes in here, hopefully that helps money over into equity, but i'm not really sure i don't know i also like to look at how the deficit is and let's see how they choose to fund it and where across the curb are they going to be selling debt that's going to be interesting to me. >> you had mentioned so often, karen the inflationary pressures that we're going to see and a hawkish pause. >> yes >> indicating there would be a lo

. >> other bay area food banks are seeing increased demand too. 1 in 6 people in santa clara and san mateo are getting help from second harvest of silicon valley. that agency is feeding a half million people every month. the san francisco-marin food bank is serving 50,000 households a week, up from 32,000 before the pandemic. and in napa, demand for food assistance s tripled compared to this time last year. back in santa rosa, an anonymous donor is stepping up, willing to match any cash donation to the food bank of up to $100,000 until midnight thursday. >> we donated 3500. >> mark o'brien hand-delivered his donation check to the food bank after hearing about the holiday match, particularly around now to just the holiday season. >> i mean, as opposed to buying gifts, it's better. i feel better when i'm out doing something for others. >> we just learned that 300 people have taken advantage of that holiday match offer. it's going to be a big help to the food bank this holiday season, but they add that the need for help is all year long. in santa rosa. cornell, bernard abc seven news. >> so true. we always focus, as justifiably so, on those in ne

. >> other bay area food banks are seeing increased demand too. 1 in 6 people in santa clara and san mateo are getting help from second harvest of silicon valley. that agency is feeding a half million people every month. the san francisco marin food bank is serving 50,000 households a week, up from 32,000 before the pandemic and in napa. demand for food assistance has tripled compared to this time last year. back in santa rosa, an anonymous donor is stepping up, willing to match any cash donation to the food bank of up to $100,000 until midnight thursday. >> we donated 3500. >> mark o'brien hand-delivered his donation check to the food bank after hearing about the holiday match, particularly around now to just the holiday season. >> i mean, as opposed to buying gifts, it's better. i feel better when i'm out doing something for others. >> yeah, we just got word that since yesterday, 300 people have taken advantage of that holiday match offer. it's going to be a very big help to the food bank this season, but they add that the need is all year long. we're live in santa rosa. cornell, bernard abc seven news. >> all right. thanks, cornell. difficu

. >>> well, thanksgiving is over, but food banks across the area continue to support families who are facing food shortages. our matt spoke to silicon valley ahead of giving tuesday. >> reporter: at second harvest of silicon valley, volunteers and staff members are as busy as ever because the need is as great as ever. >> one in six neighbors are currently accessing food assistance. >> reporter: they distribute food to people throughout santa clara and san mateo counties. one in six people in silicon valley, one of the wealthiest areas in the country, is seeing food insecurity. can you tell me more about why that may be the case? >> yes. it is a very affluent area, but we also have the highest level of income inequality. it is extremely expensive to live here as we all know. rent. childcare. everything is expensive and everything is more expensive in silicon valley. >> and when times get cups, the food budget is often times the first thing that people cut. >> our clients are holding down multiple jobs option and cannot stretch their dollar far enough. >> reporter: second harvest is in the midst to help people fight this silent crisis in rig

banks are working to meet the rise and rising demand. our max darrow shows us the partnership in the silicon valley that's expected to make a big difference. >>>>second harvest in silicon valley helps provide food for 1 in 6 people in silicon valley. that's san mateo county and santa clara county. and when things get tough for people, food budgets are often the very first thing to go. but there are people in our community who are helping fight this silent crisis, including applied materials. and we have sarah from applied materials here, and you have a check for 64 million meals. >>>>yes, 64 million meals. meals over the lifetime of the partnership with second harvest since 1991. >>>>that's incredible. how do you end up contributing something like this to second harvest? >>>>a partnership, being community members and partnership in the silicon valley. but also we have an annual campaign called the fight against hunger that we do every year. right around this time. and this year, we're aiming to beat what we raised last year, which is $1.71 million. >>>>and why do you guys step up to give like this? >>>>we believe in being responsible comm

critical time for most bay area food banks responding to food insecurity. 1 in 6 people in santa clara and san mateo are getting help from second harvest of silicon valley. that agency is feeding a half million people every month in napa. demand for food assistance has tripled compared to this time last year, and the north bay's redwood empire food bank is serving thousands more families just in the past five months. >> our number one concern is inflation. so we purchased some of the food that we distribute, and it is costing us two times what it did pre-pandemic. >> that's why this food drive is so important. >> it's hard. and everybody don't have what you have or vice versa. >> as a show of thanks everyone. donating got a nice round of applause from volunteers in san francisco. cornell, bernard, abc seven news. >> still ahead tonight, much more on the passing of rickey henderson, including reaction from another oakland legend who won a world series with him. also, a pair of lawsuits that could impact the future of oakland's airport. the environmental group trying does it have to be like this? at kaiser permanente, we have a different kind of healthcar

critical time for most bay area food banks responding to food insecurity. 1 in 6 people in santa clara and san mateo are getting help from second harvest of silicon valley. that agency is feeding a half million people every month in napa. demand for food assistance has tripled compared to this time last year, and the north bay's redwood empire food bank is serving thousands more families just in the past five months. >> our number one concern is inflation. so we purchase some of the food that we distribute, and it is costing us two times what it did pre-pandemic. >> that's why this food drive is so important. >> it's hard. and everybody don't have what you have or vice versa. >> as a show of thanks everyone. donating got a nice round of applause from volunteers in san francisco. cornell, bernard abc seven news. >> meanwhile, a heartwarming toy collection drive brought out generous south bay residents and car enthusiasts. santa clara county supervisor betty duong helped arrange this event here in san jose. the hundreds of toys collected will go to the children's advocacy center of santa clara county. that's the agency helping children who are survivors,

critical time for most bay area food banks responding to food insecurity. 1 in 6 people in santa clara and san mateo are getting help from second harvest of silicon valley. that agency is feeding a half million people every month in napa. demand for food assistance has tripled compared to this time last year, and the north bay's redwood empire food bank is serving thousands more families just in the past five months. >> our number one concern is inflation. so we purchase some of the food that we distribute, and it is costing us two times what it did pre-pandemic. >> that's why this food drive is so important. >> it's hard. and everybody don't have what you have or vice versa. >> as a show of thanks everyone. donating got a nice round of applause from volunteers in san francisco. cornell, bernard, abc seven news. >> great to see that. well, this is also heartwarming. at toy collection drive brought out generous south bay residents and some car enthusiasts to santa clara. county supervisor betty duong helped arrange this event right in san jose. hundreds of toys collected will go to the children's advocacy center of santa clara county. that's the agency h

bank of america, at&t, stanley, black and decker. it just continues with more and more. you can see there on your screen it's really across silicon valleynd wall street. major companies. why do you think this is happening? >> well, unfortunately it's sending this crystal clear message that the government is for sale. and it's not just donating to the inauguration committee. it's about access to donald trump. and donald trump has made it wide open to anyone who wants to participate in this almost pay to play style, whether it participating in his crypto currency company can, buying sneakers, ordinance, the list goes on and on. and that's really unfortunate. so i'm hopeful that donald trump does something about this because i'm not the only one with questions here. you talk about the "wall street journal," and it could be all on the up and up. let's hope so. but let's make sure that we have crystal clear transparency and rules on the books because president trump is charting into new territory. we've seen seen this from a president-elect that is participating in so many business deals and profiting from his celebrity and power. that raise

bank should be too. like, chase! a day at the humane society, silicon valley. following a fire at the milpitas shelter.t told you about the fire yesterday that started in the ceiling of the laundry room monday morning. damage was limited to one part of the building, not the adoption floor or animals living quarters. community members are already stepping up to help out, like the business next door, which rents out camper vans and donated extra bedding. since the shelter can use their laundry machines. >> it's our slow season right now, so we're slowing down, so we just want to help. we want to do what we can. i love dogs. >> if you are not in a position to adopt and still want to help out, the shelter is still accepting, clean and gently used blankets and towel donations. the fire also damaged the medical facilities and until it gets fixed, the medical team will perform spaying and neutering services using their mobile clinic. new efforts are underway to help protect the monarch butterfly. as fox's mina wahab shows us, many researchers say in addition to climate change, pesticides are also having big i

on this giving tuesday, leaders from five bay area food banks all came together today in san jose at second harvest of silicon valleyey say they're facing the most challenging time in their history because the need for help is so high. >> the need for assistance is back to the historic highs. we saw at the height of the pandemic. yet financial support is down significantly. it is not keeping pace with the demand. need has gone up. poverty has gone up. we know that critical needs are not being met. >> the agencies say financial support at all levels of government has gone down, and some programs put in place since the pandemic are being eliminated, which will leave a lot of people here in the bay area without food support. the giving spirit also extending to the oakland zoo, which says a generous donor has offered to match all donations up to $20,000. the money will go toward purchasing new outdoor heaters for the chimpanzees, which the zoo says will let them spend more time outdoors during these colder months and on this giving tuesday, we here at ktvu are once again partnering with ucsf benioff children's hospitals

banks. max darrow shows us a generous donation that's a part of long-term partnership in the south bay. >> reporter: second harvest in silicon valleyhelp provide food for one in six people in silicon valley. that is san mateo county and santa clara county. when things get tough for people, food budgets are the very first thing to go. there are people in our community who are helping to fight this silent crisis including applied materials. we would have sara from applied materials here. you would have a check for 64 million meals? >> yes, since 1991. >> reporter: that is incredible. how do you end up contributing something like this to second harvest? >> a partnership being community members and partnership in the silicon valley, but also the annual campaign called the fight against hunger that we do every year right around this time. this year we're aiming to beat what we raised last year which is $1.71 million. >> reporter: why do you step up to give this way? >> we believe in being a responsible community member. it's one of the values that provides responsibility and integrity. we have to give back where we live and work. >> rep

critical time for most bay area food banks responding to food insecurity. 1 in 6 people in santa clara and san mateo are getting help from second harvest of silicon valley. that agency is feeding a half million people every month in napa. demand for food assistance has tripled compared to this time last year, and the north bay's redwood empire food bank is serving thousands more families just in the past five months. >> our number one concern is inflation. so we purchase some of the food that we distribute, and it is costing us two times what it did pre-pandemic. >> that's why this food drive is so important. >> it's hard. and everybody don't have what you have or vice versa. >> as a show of thanks everyone donating got a nice round of applause from volunteers in san francisco. cornell, bernard abc seven news. i'm on my >> home sweet home. >> there's no place like the road home. receive a $5,500 bonus on a new 2024 audi q5 plug in hybrid during the season of audi sales event. >> the holidays are a time for family filled with shared meals, laughter and traditions. it's also a great opportunity to have conversations across generations about what matters m

drive >>> well, thanksgiving is over, but food banks across the bay area continue to support families facing food shortages. >> the second harvest of silicon valleyvest of silicon valley, volunteers and staff members are as busy as ever because the need is as great as ever. >> one in six neighbors are currently accessing food assistance. >> reporter: shobana gubbi is the of silicon valley. >> one of the wealthiest areas of america is seeing food insecurity. can you tell me a little bit more about why that may be the case? >> yes. this is a very affluent area, but we also have the highest level of income inequality. it is extremely expensive to live here as we all know. rents. groceries. childcare. everything is expensive and everything is more expensive in silicon valley. >> reporter: and when times get tough, the food budget is often the first thing people cut. >> many of our clients are holding down multiple jobs often and can stretch their dollar far enough. >> reporter: second harvest is in the midst of a major porsche helping people fight this silent crisis and right now to giving tuesday, donations will be extra impactful. >> donations will

silicon valley that we can do vegetarian and vegan options. >> and that sold out concert starts at 7:00 p.m. >>> well christmas eve is two weeks from tonight. bay area food banks working all around the clock to make sure families don't go hungry this holiday season. lauren toms is in santa rosa with a closer look. >> reporter: well here at the redwood empire food bank, they're working so hard to make sure nobody goes hungry this holiday season. and that is all made possible through generous acts of kindness in this community. here at the redwood empire food bank, they could turn every dollar of donations into $3 worth of food. and that is made possible by donations like this from the indians who are donating $50,000 to the redwood empire food bank this year. patricia, why are you donating this year? >> we strongly believe no one should suffer from food insecurities. we thoroughly support the great work that redwood food bank does and continues to do. >> reporter: thank you so much for your generosity. i want to introduce you to hailey with the redwood empire food bank. what is the impact of this donation? >> and the need is as high as it has been since the pea

silicon valley stepped in. providing food assistance that's been vital for the family. >> [ speaking in a global language ] >> reporter: second harvest is one of largest food banks in theimenezes put healthy food on the table while adjusting to life in the united states. the nonprofit serves an average of 500,000 people every month across santa clara and san mateo counties. >> we have a real affordability crisis in this community. and so even though our unemployment rate may be low, so many of the people we are serving are folks who are working, maybe even working multiple jobs. >> reporter: hunger remains a persistent issue across california with millions of residents struggling to access enough food to feed their families. according to recent data from feeding america, over 4 million californians including one in five children, face food insecurity. >> this is a solveable problem but it takes everybody coming together to solve it. because we have so much donated food and because we use volunteers, for every dollar donated we can provide enough food for with memes. >> reporter: for juan -- two meals. >> reporter: for juan and maria and mathias, the support meant more

with crypto and banking and when it comes to overseeing fed and regulations, he will be the top guy in the house. >> emily, thank you. >>> we are just getting started. what does silicon valley want from the white house? the biggest names in tech are meeting with the president-elect. we will look at what's at stake for the companies next. we are le om tivfrhe new york stock exchange. you are watching "closing bell" on cnbc. doors take us places. so you bought a place. to new adventures. -oh. mwah. -planned... -and unplanned. -surprise! -they lead to goals. -for you, mama. and connect us to family. i didn't get the part. your dedicated fidelity advisor can help you open those doors. but i did get waiter number 2. because they know you. they can help you create a comprehensive plan for your full financial picture and personalized money management with the right balance of risk and reward. doors were meant to be opened. gina costa... looking simply stunning... what's this? she's opening her fidelity app.... to buy that stock... with no fees or commissions... because what does gina got? gina's got the look. that never gets old. talk about easier investing. >>> alphabet's ceo exp

bank that puts you in control. chase. make more of what's yours. >> a peninsula, animal shelter now back open today. just days after a fire damaged part of its facility. the humane society, silicon valleymonday because of the fire. we had them on as guests to talk about. and we learned at the time the no animals, staffers or volunteers were hurt. and staffers say that the fire started in the back of the building and damaged part of the law and remove room and a few offices and the medical areas. >> we lost offices for staff, but now we've had folks working on it. you know, really for the last 2 days, we have a good plan in place. we have animals coming back on site were really hopeful that anybody that is looking to adopt will consider coming down and adopting those animals out. >> the shelter is asking for clean towels and blankets as they continue to care for the animals. the cause of the fire, it's under investigation. after nearly 90 years in business, a hardware store in san francisco is west portal neighborhood is closing kron four's. lindsey ford spoke to the store's manager about making this difficult decision. >> and west portal is such a vibrant area and such a neighborhood,